Finance Manager
1 month ago
Develop, implement, and monitor annual budgets, forecasts, and financial plans for the catering division.
- Analyze monthly financial performance and report on variances from the budget.
- Work closely with the operations team to create and manage cost-effective catering plans.
- Monitor food, labor, and operational costs to maximize profitability without compromising quality.
- Implement cost control measures and negotiate with suppliers for favorable rates.
- Analyze and report on key financial metrics, including food cost percentages, waste management, and inventory turnover.
- Prepare and present monthly, quarterly, and annual financial statements and management reports.
- Conduct financial analysis on catering operations, identifying areas for improvement and potential risks.
- Provide insights and recommendations to senior management for strategic decisions based on financial analysis.
- Manage cash flow to ensure smooth operation of catering activities.
- Optimize working capital and ensure timely billing and collections from clients.
- Oversee vendor payments and manage the accounts payable process to maintain positive relationships with suppliers.
- Ensure compliance with financial regulations, accounting standards, and tax requirements specific to the catering industry.
- Implement and maintain internal controls to safeguard financial assets and mitigate risk.
- Coordinate with auditors to facilitate the audit process.
- Lead and mentor the finance team, providing guidance on industry-specific financial challenges.
- Collaborate with sales, operations, and procurement teams to align financial goals with operational objectives.
- Develop and implement training for team members on finance processes relevant to catering.
Pay: From AED15,000.00 per month
**Experience**:
- Finance Manager: 6 years (required)
- CATERING INDUSTRY: 4 years (required)
Application Deadline: 14/11/2024
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